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The cryptocurrency market is neither bullish nor bearish today as some coins keep rising, while others have returned to the red zone.
ADA/USD
The rate of Cardano (ADA) has declined by 1.31% over the last 24 hours.
Cardano (ADA) could not follow the bounceback of some other coins, and its rate keeps trading near the level at $0.3606. If buyers cannot hold the price above the $0.3650 mark, one can expect the breakout of the support soon. If that happens, it might lead to the test of the $0.35 zone soon.
ADA is trading at $0.3688 at press time.
SOL/USD
Solana (SOL) is feeling much better than Cardano (ADA), even though the daily rise has accounted for only 0.12%.
Unike Cardano (ADA), the rate of Solana (SOL) is located closer to the resistance level than to the support. At the moment, one should pay close attention to the $31 mark. If the candle closes near it or above, it might generate further growth to $32 within the next few days.
SOL is trading at $30.91 at press time.
DOGE/USD
DOGE is located in the red zone today, falling by 0.37%.
Despite the fall, the rate of DOGE keeps locating sideways as the meme coin has not accumulated enough power for a further move. The most likely scenario is trading near the $0.06 zone.
DOGE is trading at $0.05955 at press time.
Tomiwabold Olajide
Dan Burgin
Alex Dovbnya
Vladislav Sopov